It must be troubling to the Fed to see stock markets rally more than 150 points on the Dow following their rate announcement, and then sell off to close down for the day. The dotted white line is the closing price for the S&P futures yesterday. Perhaps if the stock market doesn't rally with rate cuts, the Fed will take some solace in knowing that commodity prices -- and inflation -- will!
Wednesday, January 30, 2008
Meanwhile, Stocks Give Back ALL Gains, Close DOWN!
